GOLD - Retail trader positioning
Gold prices have been on a prolonged downward trend since reaching a peak in May. In response, retail traders have increased their ability to short the precious metal.
IGCS measurements show that approximately 76% of retail traders are net buyers of gold. This suggests that prices may further decrease, as they tend to be higher. This is due to a decrease in risk levels, which are 13.02% and 14.63% lower than yesterday and last week, respectively. Combining overall positioning and recent changes in risk levels, there is a contrasting trend of trading against a stronger price decline.
IGCS measurements show that approximately 76% of retail traders are net buyers of gold. This suggests that prices may further decrease, as they tend to be higher. This is due to a decrease in risk levels, which are 13.02% and 14.63% lower than yesterday and last week, respectively. Combining overall positioning and recent changes in risk levels, there is a contrasting trend of trading against a stronger price decline.
Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
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